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Applicants should be between 18 and 65 years old. This age range eligibility criteria ensures that applicants in all legal and able age groups can participate in the economy. This also helps with employment generation among the youth.
Ranges from Shishu Yojana (up to Rs. 50,000) to Tarun Plus Yojana (up to Rs. 20 lakhs) . Under Mudra Yojana, the loan can be availed for a variety of purposes and the loan amounts are designed under each plan in such a way that capital requirement is fulfilled for varied purposes, be it to start a new business, fund working capital or to expand into new locations and product lines.
Identity Proof: Aadhaar card, PAN card, Driver’s license, or voter’s ID. Address Proof: Passport, utility bills, bank statements, etc. Business Proof: License and address proof of the enterprise, if applicable. Financial Documents: Bank statements, quotation of machinery or equipment to be purchased.
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